tailieunhanh - Accounting undergraduate Honors theses:The determinants and consequences of CEO cheap stock in ipos

These find a negative relation between CEO cheap stock and future firm operating and stock return performance. Overall, my results illustrate the importance of corporate governance structures in IPO firms and suggest that greater levels of cheap stock are an indication of agency problems, which in turn, adversely affect shareholder value. | Accounting undergraduate Honors theses:The determinants and consequences of CEO cheap stock in ipos

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